Verdence Capital Advisors LLC Lowers Stock Holdings in F.N.B. Co. (NYSE:FNB)

Verdence Capital Advisors LLC decreased its holdings in F.N.B. Co. (NYSE:FNB) by 16.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,657 shares of the bank’s stock after selling 11,150 shares during the period. Verdence Capital Advisors LLC’s holdings in F.N.B. were worth $766,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. First Command Advisory Services Inc. purchased a new stake in shares of F.N.B. in the 3rd quarter valued at approximately $27,000. First Command Bank acquired a new position in shares of F.N.B. during the 2nd quarter worth about $27,000. Neo Ivy Capital Management purchased a new position in shares of F.N.B. in the 2nd quarter valued at about $35,000. Clearstead Advisors LLC acquired a new stake in shares of F.N.B. during the 3rd quarter worth about $36,000. Finally, Lazard Asset Management LLC purchased a new stake in F.N.B. during the second quarter worth approximately $39,000. 79.25% of the stock is currently owned by hedge funds and other institutional investors.

F.N.B. Stock Up 2.9 %

F.N.B. stock opened at $13.13 on Monday. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 9.07 and a beta of 1.02. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average of $13.45 and a two-hundred day moving average of $12.78. F.N.B. Co. has a twelve month low of $10.09 and a twelve month high of $14.19.

F.N.B. (NYSE:FNB) last posted its quarterly earnings data on Thursday, April 18th. The bank reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. The firm had revenue of $406.87 million for the quarter, compared to analyst estimates of $406.96 million. F.N.B. had a net margin of 19.73% and a return on equity of 9.51%. During the same period last year, the firm posted $0.40 EPS. As a group, research analysts expect that F.N.B. Co. will post 1.45 earnings per share for the current year.

F.N.B. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Wednesday, March 6th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.48 annualized dividend and a yield of 3.66%. F.N.B.’s dividend payout ratio is currently 38.71%.

Analyst Ratings Changes

FNB has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price objective on shares of F.N.B. from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Stephens dropped their price objective on F.N.B. from $16.00 to $15.00 and set an “overweight” rating on the stock in a report on Friday. Raymond James boosted their target price on F.N.B. from $14.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, January 22nd. StockNews.com downgraded F.N.B. from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Finally, Bank of America began coverage on F.N.B. in a research note on Thursday, January 11th. They issued a “buy” rating and a $15.00 price objective for the company. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, F.N.B. has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Insider Activity at F.N.B.

In other F.N.B. news, Director William B. Campbell bought 2,500 shares of the company’s stock in a transaction on Monday, February 26th. The shares were bought at an average price of $13.41 per share, for a total transaction of $33,525.00. Following the transaction, the director now owns 145,388 shares of the company’s stock, valued at approximately $1,949,653.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.22% of the stock is owned by insiders.

F.N.B. Company Profile

F.N.B. Corporation, a bank and financial holding company, provides a range of financial products and services primarily to consumers, corporations, governments, and small- to medium-sized businesses in the United States. The company operates through three segments: Community Banking, Wealth Management, and Insurance.